Singapore’s Temasek leads $502m round for Magic Leap

Magic Leap, the mysterious startup producing an augmented fact headset, has additional US$502 million to its war chest. The funding spherical was led by Singapore point out fund Temasek and joined in by buyers like EDBI, Grupo Globo, Janus Henderson, and Alibaba.
This brought the Florida-based startup’s total funding to in excess of US$1.8 billion.
Bloomberg beforenotedthat thehottestfunding was expected to value Magic Leap at about US$6 billion Today Kos – Breaking News and Stories.
Why it issues:

Magic Leap

hasn’t even unveileda productnevertheless. It’sin no wayoffered a startdate for its system, nor provideda lotelement on how it would do the job WowYar | Latest News Stories Update

.What’srecognisedto dateis the fact thatit’s fallen guiding AR competitor Microsoft and could have oversold what it may possibly do, based onThe data.
That has not stopped notable benefactors – Google and Andreessen Horowitz also earlier funded the corporation – from backing it up Read more
.